The Seven Steps to Succession Planning

Creating a solid succession plan that fits your unique needs will ensure your legacy remains for years to come.

Succession planning is the process where businesses and families set in place the right structures for future succession and focus on minimising risk.

Every family business and enterprise is unique and so too is every succession plan. We provide structured plans to cater for your family, business goals, alignment of expectations and wants from all members, while considering the plans for the future.
We understand the range of issues that impact a business and we can help you understand the financial ramifications of a multitude of decisions that may need to be made.
Here are our seven tips to succession:
  1. Get professional advice early to ensure the best results
  2. Have open and clear communication with all members
  3. Work out that wants and expectations of all members
  4. Work towards a plan that suits you and your family’s unique need.
  5. Focus on what’s important – family, business growth, goals and financial security
  6. Create a clear and concise timeline for events to occur
  7. Get started early. This tip needs repeating to ensure plans are put in place before any unfortunate event occurs.
Through years of experience working with clients in an array of industries we have developed a set of specialist skills and knowledge of the environment our clients operate in. We understand the struggles and the opportunities and are well placed to provide expert accounting and advisory services.